3553 Hennepin Ave, Minneapolis, MN 55408
OFFICE For SaleYear Built: 1955
Floors: 1
Class: B
| Space | Size | Type | Pricing |
|---|---|---|---|
| Triple Net Investment / Future Development Site | SALE | $740,000.00 |
Jim Kenney - Suntide Commercial Realty, Inc.
PHONE: 6127494233
PHONE: 6127494233
- Annual Average NOI: $49,019 (year 3 net rent) +5% mgmt fee = $51,467 - Tenant pays virtually all expenses, lease available for review. - 100% Leased through July 31, 2029 - Tenant has 5 Year option to renew Future Multi-Family Development Capable of approximately 29 units, 1,500 sf commercial, 18 parking stalls, or more (Buyer to verify) - Approximate Land Size: 10,350 square feet - Approximate Gross Building SF: 1,347 square feet - Parking: Approximately 11 spaces - Real Estate Taxes: $21,886.16 (Tenant pays) - Assessed Value: $709,000 - Asking Price: $740,000 Features: • Fantastic corner urban infill site • On the #6 Bus Line • Close proximity and direct access to Bde Mka Ska • New Roof installed in Spring of 2024 • Potential for assemblage of neighboring properties for largescale development • Renderings for larger scale development available upon request